Chevron Corp. agreed Friday to buy one of the largest independents in the world, Anadarko Petroleum Corp., in a $33 billion deal that expands its armada in the U.S. onshore, deepwater Gulf of Mexico (GOM) and in the liquefied natural gas (LNG) export business.
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Articles from Anadarko
Chevron-Anadarko Tie-Up to Rival ExxonMobil, Create No. 1 U.S. Producer, Say Analysts
Chevron Corp.’s takeover of Anadarko Petroleum Corp. is likely to “shake up the U.S. upstream sector” and create an operator that domestically would rival ExxonMobil Corp., analysts said Friday.
Chevron, Anadarko Beyond ‘Just a Shale Deal,’ as Global Options Expand
Chevron Corp. announced a $33 billion merger with Anadarko Petroleum Corp. to create the No. 1 U.S. producer with a plethora of expanded natural gas and oil opportunities worldwide.
In Another Win for Pennsylvania AG, Royalties Lawsuit Advances
A Pennsylvania appellate court handed the state attorney general’s (AG) office a victory last week, finding that it may move ahead with a wide-ranging lawsuit against Chesapeake Energy Corp. and Anadarko Petroleum Corp. for deceptive business practices.
Cimarex Committed to ‘Living Within Cash Flow,’ Pivoting to Permian
Denver-based Cimarex Energy Co. said it will cut its capital budget for 2019 and pivot to developing assets in the Permian Basin over the Midcontinent, but it won’t drop any rigs as it looks to grow its total production by double digits.
Enable Sees Record Natural Gas Volumes as LNG-Focused Gulf Run Pipe Moves Forward
As it looks to expand with investments in liquefied natural gas (LNG)- and liquids-focused infrastructure, Oklahoma City-based Enable Midstream Partners LP set an all-time high for natural gas volumes during the fourth quarter, management announced Tuesday.
SPAs for Anadarko-Led Mozambique LNG Accelerating
Indonesia’s state-owned Pertamina on Tuesday became the latest buyer to step up to support the Anadarko Petroleum Corp.-led Mozambique natural gas export project, agreeing to take 1 million metric tons/year (mmty) for 20 years.
India’s Bharat Commits to LNG Exports from Anadarko Mozambique Project
Mozambique LNG1 Co. Pte. Ltd. on Friday announced it has another natural gas supply agreement for the proposed export project led by Anadarko Petroleum Corp.
Anadarko’s Natural Gas Portfolio Shines, but Downturn in Oil Market Dents 4Q Results
Natural gas proved a bright spot in Anadarko Petroleum Corp.’s fourth quarter results as the super independent missed Wall Street estimates by a wide margin on the rapid deterioration late last year in liquids prices.
Anadarko-Led Mozambique Project Inches Forward as More LNG Purchasers Step Up
Three top global natural gas buyers, including Royal Dutch Shell plc, have signed on as foundation customers for the proposed Anadarko Petroleum Corp.-led Mozambique liquefied natural gas (LNG) export project, moving it closer to a final investment decision (FID) this year.